Economy

The Priceline Group Inc. (PCLN) Stock Rating Reaffirmed by Clsa Americas

The firm earned "Strong-Buy" rating on Wednesday, September 2 by Vetr.

The Priceline Group Inc. has a one year low of $1,459.49 and a one year high of $2,067.99. 684,254 shares were traded during trading, an increase of 41% from the average session volume of 485,017 shares. The stock has a beta value of 1.57. A 25 analysts rate it as either a buy or a strong buy, while 0 believe that investors should either steer clear of (NASDAQ:PCLN) or, if they already own its stock, sell it. Credit Suisse Group restated an "outperform" rating and set a $2,070.00 target price (down previously from $2,150.00) on shares of The Priceline Group in a research note on Wednesday, August 9th. Morgan Stanley reiterated an "overweight" rating and issued a $2,100.00 price objective (up from $2,050.00) on shares of The Priceline Group in a research report on Monday, October 2nd. Northern Capital Management Limited Liability Corp has 1.1% invested in Priceline Group Inc (NASDAQ:PCLN). The stock of Priceline Group Inc (NASDAQ:PCLN) has "Outperform" rating given on Tuesday, January 5 by Raymond James. The other 2, though not evenly; between analysts who think you should buy AVEO Pharmaceuticals, Inc. versus those who think you should sell it. The Priceline Group presently has an average rating of "Buy" and an average target price of $1,632.73.

In other news, CEO Gillian Tans sold 122 shares of The Priceline Group stock in a transaction on Monday, October 16th. Tracking the stock price in relation to moving averages as well as highs and lows for the year might assist with evaluating future stock performance. Following the completion of the sale, the chief executive officer now directly owns 5,677 shares of the company's stock, valued at approximately $10,479,571.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Janus Henderson Group PLC now owns 642,567 shares of the business services provider's stock valued at $1,201,971,000 after buying an additional 557,358 shares during the last quarter.

Since May 15, 2017, it had 0 insider purchases, and 3 insider sales for $3.23 million activity.

Institutional investors have recently added to or reduced their stakes in the stock.

Horizon Investments Llc, which manages about $1.50 billion and $1.68 billion US Long portfolio, decreased its stake in Altria Group Inc Com (NYSE:MO) by 11,622 shares to 8,455 shares, valued at $597,000 in 2017Q2, according to the filing. Orbis Allan Gray Ltd purchased a new position in The Priceline Group during the first quarter valued at $251,864,000.

The Priceline Group Inc. Proficio Capital Partners LLC now owns 70 shares of the business services provider's stock worth $129,000 after buying an additional 16 shares during the last quarter. Capital International Ltd sold 400 shares as Priceline Group Inc (The) (PCLN)'s stock rose 10.44%. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in The Priceline Group by 9.2% in the 3rd quarter. Horizon Investments Llc bought 13,304 shares as the company's stock declined 2.26% while stock markets rallied. Virginia Retirement Systems ET AL now owns 8,200 shares of the business services provider's stock valued at $15,013,000 after buying an additional 2,500 shares during the last quarter. Beese Fulmer Investment Management Inc who had been investing in Priceline Grp Inc Com New for a number of months, seems to be bullish on the $83.55B market cap company. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.52 and a quick ratio of 2.20. The business services provider reported $35.22 EPS for the quarter, beating the Zacks' consensus estimate of $34.31 by $0.91. The company had revenue of $4.43 billion during the quarter, compared to analysts' expectations of $4.34 billion. The Priceline Group had a return on equity of 33.02% and a net margin of 29.20%. SunTrust Banks, Inc. reiterated a "buy" rating and issued a $2,200.00 price objective on shares of The Priceline Group in a research report on Wednesday, October 4th. California Pub Employees Retirement reported 0.32% of its portfolio in Priceline Group Inc (NASDAQ:PCLN). "(PCLN)" was originally posted by StockNewsTimes and is the sole property of of StockNewsTimes.

COPYRIGHT VIOLATION WARNING: "Crossmark Global Holdings Inc". Homrich And Berg stated it has 0.04% in Priceline Group Inc (NASDAQ:PCLN). Greystone Invest Mgmt Limited Liability Corporation invested 2.89% of its portfolio in Priceline Group Inc (NASDAQ:PCLN).



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